Balaji Raghavan, Manojshankar Tripathi and Mr. Nitish Nagori the Sellers being the Promoters of the Ironwood Education Ltd (the Company), proposes to sell Equity Shares of face value of ....
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The promoters of Ironwood Education Ltd — Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori — plan to sell 10,83,236 equity shares (7.19% of paid-up capital) through a BSE OFS window on September 4-5, 2025. The floor price is set at Rs. 36.10 per share, with 10% of shares reserved for retail investors at a maximum bid of Rs. 2,00,000. The sale is being conducted to comply with the minimum public shareholding requirement under SCRR Rule 19A and SEBI LODR Regulation 38. Khandwala Securities is acting as the sole broker for the transaction.
This is a promoter exit of over 7% through a structured OFS mechanism, which may create short-term supply pressure on the stock. The discount to floor price will be determined by market demand during the sale window; retail investors get access at a potentially attractive price compared to open market rates.